New Regional Hub Industry... Silla University Supports New Startup Companies to Foster the Companion Animal Industry

Silla University.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Silla University announced the official start of support for fostering the pet industry by signing a lease agreement with the pet tech company ‘Sage & Company’ on the 1st.

The Silla University University Innovation Research Park (I-URP) Project Group is promoting projects to foster the pet industry and create an industry-academia-research cooperation ecosystem to enhance regional industrial competitiveness.

This year, as part of the innovation platform establishment phase, infrastructure such as facilities for pet industry technology development and industrialization support, company residency, startup spaces, and shared offices are being built.

The first resident company of the project, Sage & Company, is a subsidiary established by ‘Moadata,’ a KOSDAQ-listed company based in the metropolitan area, to expand new businesses such as pet healthcare.

The company commercializes a pet integrated service that uses artificial intelligence with devices and IoT sensors to manage pets’ stress and weight, detect various abnormal phenomena such as abnormal reactions and allergy causes, and provide customized health management information.

Sage & Company’s residency is significant as it represents the entry of a competitive metropolitan area pet company into Busan.

Additionally, an employment agreement has been made annually for two students from Silla University’s Department of Artificial Intelligence, expecting a synergy effect through employment outcomes from industry-academia linkage programs with resident companies within the university.

The I-URP project group anticipates that once the corporate support infrastructure space is completed this year, it will be possible to accommodate over 20 pet-related companies and support startups, accelerating the project.

Baek Il-kwon, head of the Silla University I-URP project group, said, “We will do our best to make the pet industry a regional hub project through various corporate support such as operating industry-academia cooperation programs, technology development and industrialization, education, seminar hosting, and building platforms for industrialization.”

This content was produced with the assistance of AI translation services.